Online PR News – 27-March-2013 – New York, NY – Terrace Capital,Inc. the manager of the Landmark Opportunity Fund, will be providing bridge loans on multifamily, manufactured home communities, office, retail, industrial and self storage properties in the continental United States. The program will focus on loan amounts of $500M to $5MM, will have interest rates as low as 8% and loan to values (LTV) of up to 75%. Sponsors with credit issues will be allowed, with the underwriting focused on the subject asset and the opportunity for upside. The program will allow for discounted note payoffs (DPOs) at 100% of cost, if there is a compelling case to be made and will also look at “value-add” and renovation opportunities. Terrace will target quick closing periods, as short as two weeks, for sponsors in precarious situations and may limit 3rd party reports to just appraisals, to speed up the closing process.